Daily business news in the Great State of New York!
NEW YORK — The Empire State Building (ESB) is one of the world’s most famous buildings and it just opened a newly renovated Observatory on the 102nd floor with 360-degree views and floor-to-ceiling glass windows. (Photo: The new Empire State Building Observation deck, Source: PRNewsFoto/Empire State Realty Trust) Tourists that visit the new Empire State Building experience […]
Walgreens is teaming up with delivery service Postmates to offer on-demand delivery for customers looking for over-the-counter medications, health and wellness, beauty and grocery products in NYC. Postmates will deliver hundreds of Walgreens’ most popular items from 174 Walgreens and Duane Reade locations in Manhattan and Brooklyn. In the last year, orders from convenience and […]
NEW YORK — Hotel giant Hilton Inc. has opened its second Conrad Hotels & Resorts in NYC in Midtown, formerly the London NYC Hotel. With nightly rates averaging $550 per night, the 54-floor, 562-suite Conrad New York Midtown, this is the 35th Conrad hotel and the brand’s second New York City property. It is located […]
NEW YORK — Food52, which operates a food content community and e-commerce network, has closed a majority investment by TCG Capital Management, an affiliate of The Chernin Group, LLC. TCG is investing $83 million in Food52 at a nine-figure valuation to enable the company to develop offline retail, expand its in-house product line Five Two, […]
The New York Times Company is partnering with Verizon to provide free access to the NYTimes.com website to over seven million students and teachers. The offer is only for Title I high schools across the nation and middle schools within the Verizon Innovative Learning program. Title I schools receive federal funding for low-income students. (Photo: […]
NEW YORK — Real estate developer Extell Company announced that the under construction Central Park Tower has topped out, which at 1,550 feet, will be the tallest residential building in the world when completed next year. Located on West 57th Street, along the corridor known as “Billionaire’s Row,” Central Park Tower is slated for completion […]
After more than two years of construction, Apple has reopened its flagship underground store on Fifth Avenue which features a clear glass Apple cube on the street level. The store reopened just in time with the launch of Apple’s new iPhone 11 lineup of smartphones and new versions of the Apple Watch and iPad. Apple […]
NEW YORK — CDW Corp. (NASD: CDW) will replace Total System Services Inc. (NYSE: TSS) in the prestigious S&P 500 index prior to the open of trading on Monday, September 23. S&P 500 constituent Global Payments Inc. (NYSE: GPN) is acquiring Total System Services in a transaction expected to be completed after the market close today. CDW Corp […]
Capsule, an online pharmacy that delivers prescriptions anywhere in the New York metro area, has raised $200 million in fresh funding according to Bloomberg that will help the company expand across the U.S. The funding was led by venture capital firm TCV and Capsule’s existing investors Thrive Capital and Glade Brook Capital Partners also participated. […]
Amtrak, which operates the nation’s passenger railroad service, has revealed the unique amenities exclusive to its upcoming Acela Nonstop train from NY to Washington, DC. The nonstop train begins its inaugural trip on Monday, Sept. 23, and will include: complimentary coffee, tea water, and a light snack, “at seat” cashless cart service offering a limited menu […]
NEW YORK — JetBlue revealed plans to add seven new restaurants in its home terminal – T5 at New York’s JFK International Airport. This will mark the first major update to the airline’s T5 concession lineup since moving into the brand-new terminal in 2008. As New York’s Hometown Airline, JetBlue features niche stores and restaurants […]
Hudson’s Bay Company, the Canadian retailer that owns department store chain Lord +Taylor, is selling the struggling brand for $100 million to Le Tote, an online subscription clothing rental service based in San Francisco. Lord + Taylor closed its Fifth Avenue flagship store in Manhattan at the beginning of the year and sold the building […]
The U.S. Open tennis tournament in Flushing, which started Monday with first-round action, will see the highest prize money for players of any tennis tournament in history. A total of $57,238,700 in total compensation will be doled out over the two week span of the U.S. Open, including $58,000 for losers of the first round […]
CARLE PLACE, NY — 1-800-Flowers.com, known for its delivery of flowers and gift baskets, is expanding The Plant Shop on its site, introducing some of the most sought-after plants for home décor enthusiasts, gift-givers and plant lovers alike. With this expansion, The Plant Shop at 1-800-Flowers.com now offers nearly 150 plants, including houseplants, blooming plants, succulents, bonsai, bamboo and more. […]
Thirteen years after breaking up into separate companies, Viacom and CBS are merging back together in an all-stock deal. The combined company will be known as ViacomCBS and will have $28 billion in revenue and the scale to compete with other media companies like Netflix, Disney and AT&T and their existing and upcoming streaming subscription […]